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User Info Why this time dollar goes up while Fed signal further cut?; entered at 2007-12-02 12:47:50
Bozonian
Posts: 19223
Registered: 2007-09-01 Saratoga Springs, New York
I don't understand why China needs the U.S.

Worse comes to worse the Chinese government can just give its citizens vouchers that can only be used to purchase domestic goods. This will keep the factories humming though the little blinking statues of Santa Claus might have to become statues of Confucious.

Of course you have to be a little bit creative to come up with a solution but honestly, anyone can consume, it takes skill and effort to produce so the Chinese have the advantage should the world economy falter.

Of course, I may be overestimating the creativity of the Chinese government. They may be even more hampered by internal disagreement than ours. Over there, if you screw up, you start writing goodbye letters to your family. Here, you get a couple of hundred million dollars and a goodbye party.
2007-12-02 12:47:50